4500 Morning Dr, Bakersfield, CA 93306

Cushman & Wakefield’s Healthcare Capital Markets team is pleased to present the opportunity to acquire a Rio Bravo Point—a premier Class A medical outpatient facility totaling 66,139 square feet located at 4500 Morning Drive in Bakersfield, California.

Completed in 2015 on a 4.48-acre site, the property is currently 79% leased to a curated mix of four synergistic healthcare providers, all operating under triple-net (NNN) leases with a weighted average remaining lease term of 4.3 years. The tenant roster is anchored by RadNet Management, Inc. (31% of GLA) and Bakersfield Specialist Surgical Center ASC (25% of GLA)—both of which have made substantial capital investments in tenant improvements. These high-acuity improvements create a significant replacement cost barrier, reinforcing tenant retention and enhancing renewal prospects.

Strategically positioned along Morning Drive with direct access to CA-178, the Property is part of the master planned Rio Bravo Medical Campus which also includes the adjacent 50-bed Central California Rehabilitation Hospital operated by Ernest Health. Originally envisioned as a four-building, 179,000 sq. ft. development on 13 acres, the campus has capacity for future growth to accommodate additional service lines and enhance synergistic referral patterns amongst providers. This offering does not include the rehab hospital or remaining vacant land within the Rio Bravo Medical Campus.